In the past 2 weeks, USDA issued two major crop reports that indicate that farmers will be planting slightly fewer overall acres this year than in 2008 and that prices for major crop commodities are at above last year’s prices.
If these forecasts hold up, farm equipment sales may hold up better than many industry observers have been suggesting during the past few months.
On March 31, USDA released its annual Prospective Plantings…
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